Leading post-quantum cryptography (PQC) startup PQShield today announced a Series B raise of $37mn.
Once they become powerful enough, quantum computers could break most cryptographic schemes.
Hence the need for post-quantumcryptography.
Where security matters
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Where you have sensitive data, sensitive communication, and sensitive devices.
For instance, the semiconductor industry.
The elite of post-quantum cryptographers
Finding talent in cryptography is hard.
Finding talent in PQC is even harder.
Even if you look at the wider cryptography community, its not a huge community.
We basically know each other by name, El Kaafarani said.
Were not solving a problem that does not exist yet, were mitigating a risk.
Our problem is not the quantum computer itself.
Our problem is the risk that comes with a quantum computer, El Kaafarani said.
Founded in 2018, the company currently employs 70 people across 10 countries.
PQShield will use the money to fuel innovation, but also to strengthen its commercial team.
Perfect security does not exist.
We wish it did, but it doesnt, El Kafaraani says.
This is something we should all take better care of, now as well as in the post-quantum era.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
